Depends who plays on the left. Ashley Young might just be the best candidate for that in the long run so they should try him now, meaning Cole can play on the right which is his best position.
Kirkland
Richards Terry Ferdinand A.Cole
Barry
Lampard Gerrard
J.Cole Rooney Young
That's well balanced and capable of playing some of the best stuff we've seen in 10 years from an England side imo. A good set of alternatives to change the game or simply go man for man with:
King, Neville, Bridge, Hargreaves, Owen, Bentley etc.